Hooligans Sportsbook

Currency - it finally happened

  • Start date •
  • Replies
    25 Replies •
  • Views 1,843 Views
Follow
I don't know what kind of obtuse semantical point you are going for there mister but it is more valuable to me. i.e. - when I pull in US funds, I receive less value for them in the form of Canadian cash-money to live my life with.


I repeat: :cougarbait:
 
Mudcat
I don't know what kind of obtuse semantical point you are going for there mister but it is more valuable to me. i.e. - when I pull in US funds, I receive less value for them in the form of Canadian cash-money to live my life with.


I repeat: :cougarbait:
Click to expand...

Sure.

When I take out money, it costs me more every fucking day. The apartment I was gonna buy has gone from $135k to 175k just because of the dollar sucking.
 
I have a question actually that i am embarrassed I dont know the answer to. if someone here can answer thats great, if not no problem.

let's say i have some money in dollars, but i dont want to hold dollars anymore. what can i do with that money to not have it be in dollars anymore? can i have a US account in euros? can i have some kind of online account where i can convert my money into whatever currency I want?

if you think the dollar is going to crash, what should you do with your own money?

yes i know that on glenn beck they advertise to idiots to "buy gold" from the advertisers.

there must be better options than that
 
Pally, contact your bank . I can only speak about my experience with banks and institutions here in Canada but I know that all the major Canadian banks offer $USD chequing/savings accounts, some banks also offer Euro accounts.

The only drawback is that foreign currecny accounts are not insured by the CDIC - or FDIC in the USA.
 
betplom
Pally, contact your bank . I can only speak about my experience with banks and institutions here in Canada but I know that all the major Canadian banks offer $USD chequing/savings accounts, some banks also offer Euro accounts.

The only drawback is that foreign currecny accounts are not insured by the CDIC - or FDIC in the USA.
Click to expand...

Everbank offers FDIC insured foreign currency CD's. Obviously not protected against exchange rate loses, but yes against bank failures.
 
durito
Of course it's more valuable relative to the dollar when it goes up. He was saying that because it's now over 1 to 1 that means it's more "valuable" than the dollar. As if the COP is 1/2000 of as valuable as the dollar.
Click to expand...

If 1 USD = 2000 COP, I'd say the USD is 2000 times more valuable than the COP.

I don't understand what you're trying to say. It's not just an arbitrary rate, it's the market value.
 
durito
Everbank offers FDIC insured foreign currency CD's. Obviously not protected against exchange rate loses, but yes against bank failures.
Click to expand...

I was referring to cash accounts in foreign currencies, CDIC does not insure them, I am not familiar with Everbank but I would agree that an insured CD is better than an uninsured cash account for security.
 
pally
I have a question actually that i am embarrassed I dont know the answer to. if someone here can answer thats great, if not no problem.

let's say i have some money in dollars, but i dont want to hold dollars anymore. what can i do with that money to not have it be in dollars anymore? can i have a US account in euros? can i have some kind of online account where i can convert my money into whatever currency I want?

if you think the dollar is going to crash, what should you do with your own money?

yes i know that on glenn beck they advertise to idiots to "buy gold" from the advertisers.

there must be better options than that
Click to expand...

Depends how much you are talking about but a futures contract (or a derivative of one) is quite a cheap and simple way to go.
 
Last edited:
You must log in or register to reply here.